14. Cash and Cash Equivalents

Audited information

in CHF m

 

31.12.2018

 

31.12.2017

Cash at bank and on hand

 

716

 

594

Short-term bank deposits

 

117

 

107

Total

 

833

 

701

Cash and cash equivalents are denominated in the following currencies:

in CHF m

 

31.12.2018

 

31.12.2017

EUR

 

336

 

204

USD

 

171

 

122

CHF

 

159

 

188

GBP

 

15

 

22

CNY

 

3

 

4

JPY

 

5

 

12

INR

 

50

 

57

BRL

 

9

 

15

Other

 

85

 

77

Total

 

833

 

701

The effective average annual interest rate on short-term bank deposits in Swiss francs was –0.38% (2017: 0.00%), these deposits have an average maturity of 36 days (2017: 34 days).

The effective average annual interest rate on short-term bank deposits in US-dollars was 2.32% (2017: 1.43%), these deposits have an average maturity of 32 days (2017: 30 days).

There were no material short-term bank deposits denominated in currencies other than the Swiss franc and the US-dollar at the end of the reporting period.

The maximum exposure to credit risk on cash and cash equivalents is equal to their book value.

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